The Department of Trade and Industry said it will not extend the zero duty on cement since its price has not gone down since its implementation.
According to Trade Secretary Peter Favila, locally made cement remains expensive as manufacturers were not “challenged” by the possible entry of imported ones.
“I don’t see [cement] prices going down,” Favila said.
Trade Undersecretary Zenaida Maglaya told reporters last week that cement prices stand at about P205 per 50-kilogram bag.
The Board of Investments earlier said a study it conducted showed that cement should be priced at P185 a bag.
Favila said the Trade department is amenable if the House of Representatives would again conduct an inquiry on cement prices.
In November last year, President Gloria Arroyo signed Executive Order 766, which cuts import duties on cement, and Executive Order 765, which slashes import duties on wheat. These tariff adjustments are effective for six months. Favila earlier said these tariff cuts were “part of government’s intervention to ensure prices are at affordable levels.”
Earlier, the Trade department said may extend the imposition of zero tariff on wheat imports for another six months. It may also slash the duty on flour to bring it down to 3 percent to zero, in bid to further pull down bread prices. — Ben Arnold O. de Vera, Manila Times
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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